Here’s Why The Dogecoin Price Is Crashing Despite The DOGE ETF Filings | Bitcoin

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The last 24 hours have seen a significant 6% decline in Dogecoin’s price action, marking a swift reversal from the bullish momentum two days ago. This rapid decline is concerning, especially as it aligns with events that were expected to generate strong bullish momentum for the meme coin. 

The recent news of DOGE ETF filings generated significant anticipation within the crypto community and on social media, with many expecting the filings to drive increased institutional interest and spark a rally. This leaves room for questions as to how the meme coin’s price is now declining. 

Removal Of Shiba Inu Imagery Dampens Sentiment

Dogecoin’s price decline comes at a time when optimism surrounding DOGE ETF filings should ideally have strengthened the token’s performance. One of the significant contributors to Dogecoin’s price slump was the removal of Shiba Inu imagery…more

Source bitcoinist.com

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